Oil and Gas

The Nigeria National Petroleum Company (NNPC Ltd) is collaborating with the Office of the Vice President on the establishment of Gas Funding Company Ltd for the injection of 20 million cylinders in the next five years. The NNPC Ltd said…

Ibrahim Abubakar The state Minister for Petroleum Resources, Chief Timipre Sylva has  commissioned  some projects funded by the oil and Gas Sector as Intervention in the six states of the Northeast region bedevilled by the Boko Haram…

Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday. The Economy Ministry said in a statement that…

The Federal Government of Nigeria has recovered a total of N2.6 trillion in revenue from oil companies following the Nigeria Extractive Industries Transparency Initiative (NEITI) and National Assembly intervention. NEITI said a total of…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it disbursed a total of 103,037,183,922.91 billion Naira bridging claims to oil marketers between December 2021 and August 2022. The authority disclosed…

Another round of scarcity of Premium Motor Spirit, popularly called petrol, is imminent in Abuja, Kaduna, Nasarawa, Kogi, Niger and neighbouring states following the commencement of a three-day warning strike by the Suleja Depot Branch of…

In response to the alleged inflation of petrol imports and consumption in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has insisted that average petrol supply in the country stands at 68 million litres per day. The…

The House of Representatives Ad-hoc Committee on Fuel Consumption has begun the assessment of the volume of petroleum products being consumed in the country daily, the News Agency of Nigeria (NAN) reports. Chairman of the Committee, Rep.…

The arrest of a supertanker with capacity for three million barrels of oil, about three times the one million barrels per day (bpd) currently being produced by Nigeria, clearly validates the widely held suspicion that international…

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Thursday disclosed that the federal government spends an estimated N18.397 billion daily on petrol subsidy. Ahmed, who revealed this to the House of…